Dear experts please share your views on this DICGC insurance scheme's capacity and rights on accounts for insurance claim?
If this is the case then 2 family members can safeguard 20 lk in single bank
like for A can safe guard 5lk and B can safe guard 5lk and AB joint account can safe guard 5 lk and BA joint account can safe guard 5lk . so totally 20 lk.
Not sure how many of you aware of this. because everyone has been trying to invest only 5lk in a single bank. But this information seems that we can invest 20 lk and safe guard 20 lk for 2 persons in single bank.
I would like to know experts views and CA's views on this. It would help lot of people in the forum.
I checked this information with couple of banks. No one seems to be aware of this.